Legal basis: Article 89 of the Company Law of People's Republic of China (PRC) * * * After the shares issued are paid in full, they must be verified by a legally established capital verification institution and issued with a certificate. The promoters shall preside over the founding meeting of the company within 30 days from the date of full payment of the shares. The founding meeting consists of sponsors and subscribers. If the issued shares have not been fully raised within the time limit stipulated in the prospectus, or if the promoters fail to convene the founding meeting within 30 days after the full payment of the shares, the subscribers may require the promoters to return the shares according to the paid shares plus the bank deposit interest for the same period.